ProShares UltraPro QQQ (TQQQ) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.09 million) in ProShares UltraPro QQQ (TQQQ). On Tuesday, The value of composite uptick trades was $6.27 million, whereas, the value of composite downtick trades was $9.35 million and the ratio between the two was 0.67, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $0.1 million. The negative money flow of ($0 million) shows selling on strength. ProShares UltraPro QQQ (TQQQ) gained $0.09 intraday at $123.06 and registrered 0.07% for the week.
ProShares UltraPro QQQ has dropped 2.54% in the last five trading days, however, the shares have posted positive gains of 1.67% in the last 4 weeks. ProShares UltraPro QQQ is up 16.57% in the last 3-month period. Year-to-Date the stock performance stands at 6.68%.
ProShares UltraPro QQQ (NASDAQ:TQQQ): The stock opened at $122.52 on Tuesday but the bulls could not build on the opening and the stock topped out at $123.55 for the day. The stock traded down to $120.62 during the day, due to lack of any buying support eventually closed down at $121.86 with a loss of -0.90% for the day. The stock had closed at $122.97 on the previous day. The total traded volume was 1,369,815 shares.
Proshares UltraPro QQQ ETF (the Fund) seeks daily investment results, before fees and expenses that correspond to triple (300%) the daily performance of the NASDAQ-100 Index (the Index). The Fund invests in equity securities, derivatives, such as futures contracts, swap agreements, and money market instruments. ProShare Advisors LLC (ProShare Advisors) provides the investment advisory and management services for the Fund.